Where Are We Now? FED Rate Hike This Week - March 15, 2022

Update On Markets~ FED Rate Decision Tomorrow

Since our last post, the markets have continued to trade lower, albeit not in too much of a hurry from a larger time frame perspective (intraday moves have been wild in a lot of markets). 

With the FED set to raise rates tomorrow, it'll be interesting to see what they say considering everything going on outside of the markets i.e., Ukraine/Russian War, inflation, spikes in commodities, and potentially headwinds regarding China.

Anyway, charts I'm watching going into tomorrow's FED meeting:

^^^$ES/$MES Daily & 4hr charts. 

        *Looking for a retest lower to ~$4200 before holding to bounce for a bullish close above $4250-$4300.

 ^^^ $NQ/$MNQ Daily & 4hr charts.

        -Same thing for Nasdaq, retest lower for a hold and bounce to close higher.  

^^^$CL Daily chart

        - Crude is still something to watch with opportunities on both sides of the market, longs <$92 and shorts above $105s. 

$VIX Weekly & Daily charts.

        - Finally, $VIX has remained elevated for some time now, but may be showing signs that it wants to go lower, which in turn would mean equities would catch a bid. 

If there are no surprises from the FED tomorrow, this is how things may play out. Of course, no one knows whats going to happen for sure, so we'll just have to wait and see!

 

See ya next time,

Jeff